We have considered Detroit's demise in light of Afros' seeming inability to capably take over the reins of Euro-created government, be it in Port-au-Prince, Johannesburg, or Birmingham.
But it takes two to tango. Inept city leaders can do harm, but an inept population can double the damage. Consider Orange County's surprise bankruptcy in 1994. Referendum-loving Californians having made it nearly impossible for local government to raise taxes, county treasurer Bob Citron began to invest what little they could raise into ever-riskier securities. November 1994: The bomb dropped, with $1.7 billion up in smoke, also known as Citron's Barings Bank moment.
Or see New York City's famous near-bankruptcy in 1975 ('Ford to City: Drop Dead'), when the Big Apple was humiliatingly taken over by New York State. In addition to the oil shock, stubborn unions, and shoddy bookkeeping, the city had recently seen a sudden flight of net taxpayers and an inflow of the government-dependent:
The 1970s saw New York lose more than 800,000 residents, almost all of them non-Hispanic whites. This was the first significant population decrease in more than 150 years.
Residents with household incomes below federal poverty standards increased by 25 percent from 1970 to 1980, while all other income groups diminished in number. Whereas the number of impoverished white residents decreased by 12 percent, the number of poor blacks increased by 40 percent, and poor Hispanics by 52 percent.
Rona Stein opines that
There is some evidence that New York City and other industrial regions may have unintentionally encouraged the poor to move in by offering relatively generous levels of welfare benefits.
Perhaps, but the post-war boom that had made sure everyone who wanted a job had one was already waning in the 1960s. Afro-Americans were now, as they had been after the Civil War, thrown into sudden competition with other ethnies. W.H. Collins in 1918 had bemoaned the newly freed blacks' reticence to work, predicting:







